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IMMEDIATE RELEASE

Release No: 221-00May 02, 2000

DOD VALUE ENGINEERING ACHIEVEMENT AWARDS FOR 2000 PRESENTED

Under Secretary of Defense for Acquisition, Technology and Logistics Jacques S. Gansler presented the annual Department of Defense Value Engineering Achievement Awards during a ceremony held today at the Pentagon.

Value engineering is a systematic function analysis leading to actions or recommendations to reduce the production or operations cost of systems, equipment, facilities, services, and supplies. Its objective is to retain required system performance and quality while reducing cost.

"Ongoing changes in the DoD value engineering program," Gansler said, "have made it a more powerful tool to optimize the best values in total ownership cost, and allow us to achieve all necessary performance better, faster, and cheaper."

The awards are intended to recognize significant achievements in value engineering during the past fiscal year and to further the use of value engineering by DoD personnel and its contractors. During the last fiscal year, 1,901 in-house value engineering proposals were accepted with projected savings of $602 million. Another 154 contractor-initiated value engineering change proposals resulted in additional savings of $23 million.